The Numbers Tell the Story - Enormous Opportunity

• By 2005 more than 500 million people will use their mobile phone to access the Internet, surpassing those using PCs to go online.

• About 50% of wireless traffic will be data traffic by 2005.

• An expected $8.4 billion will be spent on wireless data services in 2005, representing 15% of all wireless spending.

Wireless potential barely has been tapped. Add Internet opportunities to the mix and the future is brimming with potential for a myriad of new products and services.

We are at the dawn of the new growth millennium where technology such as 3G is enabling a wide array of new applications. Bandwidth availability is facilitating wireless e-commerce as well as streaming applications and services. Demand for high quality and reliability will further drive the creation of new products and services. inOvate stands ready to create, invest in and manage companies that can meet the emerging needs of fixed mobile and wireless operators and infrastructure suppliers worldwide.